GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Sky Deutschland AG (LTS:0QXE) » Definitions » Accounts Receivable

Sky Deutschland AG (LTS:0QXE) Accounts Receivable : €76 Mil (As of Dec. 2013)


View and export this data going back to . Start your Free Trial

What is Sky Deutschland AG Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Sky Deutschland AG's accounts receivables for the quarter that ended in Dec. 2013 was €76 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Sky Deutschland AG's Days Sales Outstanding for the quarter that ended in Dec. 2013 was 9.01.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Sky Deutschland AG's Net-Net Working Capital per share for the quarter that ended in Dec. 2013 was €-0.90.


Sky Deutschland AG Accounts Receivable Historical Data

The historical data trend for Sky Deutschland AG's Accounts Receivable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Sky Deutschland AG Accounts Receivable Chart

Sky Deutschland AG Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 68.98 72.50 71.34 85.73 76.32

Sky Deutschland AG Semi-Annual Data
Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only 68.98 72.50 71.34 85.73 76.32

Sky Deutschland AG Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.


Sky Deutschland AG Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Sky Deutschland AG's Days Sales Outstanding for the quarter that ended in Dec. 2013 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=76.324/1546.45*91
=9.01

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Sky Deutschland AG's accounts receivable are only considered to be worth 75% of book value:

Sky Deutschland AG's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2013 is calculated as:

Net-Net Working Capital Per Share
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(199.158+0.75 * 76.324+0.5 * 26.329-1055.717
-0-0)/877.254
=-0.90

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.


Sky Deutschland AG Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Sky Deutschland AG's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.


Sky Deutschland AG (LTS:0QXE) Business Description

Traded in Other Exchanges
N/A
Address
Sky Deutschland AG is a Germany-based holding company established in 2002. The Company along with its subsidiaries operates a pay-TV business in Germany and Austria under the Sky trademark. The Company's package includes: Sky Welt Package, Fußball Bundesliga Package, Premium Bundesliga HD channels, Sport Package, Premium Sport HD Channels, Film Package and Premium Film HD Channels. The Company is also engaged in the purchase, sale and distribution of rights to films, series and TV productions, the acquisition, sale and distribution of broadcasting rights for public events, the arrangement of program magazine subscriptions, and other activities associated with the operation of the pay-TV business. The Company's services includes: Sky Go, Sky+, Sky Anytime, and Sky Home. Its offers channels of various genres, which includes; Sky Sports News HD, Sky Cinema HD, Sky Atlantic HD, Sky Sport HD, Sky Bundesliga and Sky Select HD. The Company competes with platform operators offering both pay-TV packages and VoD services. It also competes with over-the-top players who provide video-on-demand and subscription-video-on-demand entertainment via the Internet.

Sky Deutschland AG (LTS:0QXE) Headlines

No Headlines